oceans

Crude Oil

IMO Will Enforce New Emissions Standards And Many Changes In Oil Market History

More than Ten thousand of ships sailing the world’s oceans burn more than 3 million barrels of sludge-like excessive-sulfur fuel every single day. However, beginning subsequent year, the shipping industry must adjust to rules that ought to dramatically reduce sulfur emissions. “It’s the greatest change in oil market history,” Steve Sawyer, senior analyst at energy advisor Facts Global Energy, informed…